A loan of $3,775 helped to buy some building materials to make wall insulation for his house..


Gantumur's story

Gantumur, 39, is a builder who lives with his family in a ger, a Mongolian traditional nomadic yurt, in Ulaanbaatar, the capital city of Mongolia. He works as a field supervisor in a small construction company and sometimes uses his old car as a taxi after his job hours for extra profit.

Since last year, Gantumur has been building a small garage made of block bricks for his car. A month ago he started building his house and now needs to buy necessary insulation materials. His house walls will be insulated with foam, rock, wool and bricks to reduce heat loss in winter, allowing him to save on fuel.

Although Mongolia has the lowest population density in the world, it is one of the most polluted countries in the world. This is due to the long and cold winters where temperatures frequently go below -40C (-40F) even in the cities. Many parts of the country are extremely cold and are known to have snow storms. Both homes and nomadic tents burn a lot of fuel and emit huge amounts of pollution every night from families just trying to stay warm.

As well, the extremely toxic smoke from cars is one of the major contributors to Mongolian air pollution. In response to this, Credit Mongol offers Green Loans to their clients to make home improvements that reduce heat loss, improve heating systems and buy cars that operate on natural gas. We believe that together we can decrease pollution and the harmful effects it has on the environment and Mongolians' health.

The loan Gantumur is taking qualifies for the Green Loan program.



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